With its headquarters in London, today RICS operates from 30 offices across mainland Europe, China, Hong Kong, Singapore, Australia, the Middle East, Africa, North America and Brazil. With these offices covering the major political and financial centres of the world, RICS market presence means it is ideally placed to influence policy, create standards and embed standards at an international level. It is one of the world’s most important professional bodies and can show public benefit across the globe.
RICS is best known for its accreditation and regulation of Chartered Surveyors. A key role for many professional bodies is to create standards and hold registered individuals and companies to account. RICS is no different and clients who work with RICS registered professionals can have confidence in the quality and ethics of the services they receive. RICS works at a cross-governmental level, delivering international standards that support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all. These high level standards cover the profession, providing a common framework for all practitioners. Since 2013, RICS have also been working with more than 250 other professional and standards-setting organisations throughout the world to develop high-level international standards.
RICS will take disciplinary action in cases where members or regulated firms fall short of the standards they are expected to meet.
The industry is changing more quickly than ever and member organisations are looking to new building technology and ways of using data. RICS needs to respond to industry changes and remain ahead of the curve in order to ensure relevance whilst at the same time ensuring it retains absolute integrity in its standard-setting and regulation. Culturally, the organisation seeks to make “profit for a purpose” and sometimes wrestles with the challenge of people being too “for profit” or too “for purpose”. In order for the organisation to continue to succeed they require people who understand and can add value to both, particularly at Board level.
RICS is a global professional body promoting and enforcing international standards in the valuation, management and development of land, real estate, construction and infrastructure.
A new era for RICS
To meet the needs of our changing world and lead the profession into the future, RICS’s elected Governing Council has proposed some major changes to the way the profession is governed. The proposed changes are the culmination of careful consideration, and reflect their strategic thinking regarding the future needs of the profession, its governance, and the public. The changes were voted on by the membership in Autumn 2018 and have subsequently been approved by Privy Council. Most relevant to this recruitment process, the RICS will both concurrently simplify and strengthen its governance by:
- creating a new joint Standards and Regulation Board (SRB). This will provide independent oversight for professional standards as well as regulation, to help ensure that the profession remains trusted by society to set and enforce its own standards;
- reducing the size of Governing Council from 50 to 25 seats because a smaller Council will be more agile and responsive in its decision making;
- adjusting the composition of Governing Council by creating 15 geographical seats from across the world regions – six from UK and EMEA, five from Asia Pacific and four from the Americas. There would also be six seats based on a range of appropriate expertise, three seats for the RICS Presidential team and one seat for the new position of Chair of Governing Council. This will make Council more representative of the global professional membership body.